Report Update: May 1, 2024

Pakistan - Granules and Powders of Pig Iron - Market Analysis, Forecast, Size, Trends And Insights

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Pig Iron Articles Price in Pakistan - 2023

Pig Iron Articles Price in Pakistan (CIF) - 2023

In February 2023, the average pig iron articles import price amounted to $788 per ton, declining by -24.3% against the previous month. In general, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in January 2023 when the average import price increased by 60% month-to-month. The import price peaked at $1,462 per ton in February 2022; however, from March 2022 to February 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In February 2023, the country with the highest price was Thailand ($895 per ton), while the price for China ($773 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by France (-0.0%), while the prices for the other major suppliers experienced a decline.

Pig Iron Articles Price in Pakistan (FOB) - 2022

The average pig iron articles export price stood at $125 per ton in 2022, dropping by -42.8% against the previous year. In general, the export price faced a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 15%. The export price peaked at $967 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -18.5% per year.

Pig Iron Articles Imports in Pakistan

In 2022, approx. 2.9K tons of granules and powders of pig iron were imported into Pakistan; picking up by 53% compared with the previous year's figure. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig iron articles imports skyrocketed to $2.1M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Import of Pig Iron Articles in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	342	395	647	916	38.9%
Canada	226	79.4	174	369	17.8%
United Kingdom	38.4	105	146	203	74.2%
Sweden	101	45.3	79.8	169	18.7%
France	30.7	50.0	84.3	101	48.7%
South Africa	56.7	19.0	68.2	83.3	13.7%
South Korea	28.7	39.2	32.9	60.4	28.1%
Brazil	N/A	117	184	N/A	57.3%
Others	141	189	173	211	14.4%
Total	965	1,039	1,589	2,113	29.9%

Top Suppliers of Pig Iron Articles to Pakistan in 2022:

China (1269.4 tons)
Canada (500.2 tons)
United Kingdom (342.9 tons)
Sweden (224.7 tons)
South Africa (136.6 tons)
France (94.3 tons)
South Korea (76.0 tons)

Pig Iron Articles Exports in Pakistan

In 2022, approx. 875 tons of granules and powders of pig iron were exported from Pakistan; with an increase of 16% against the year before. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 267%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, pig iron articles exports fell markedly to $110K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 245%. As a result, the exports reached the peak of $165K, and then reduced dramatically in the following year.

Export of Pig Iron Articles in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.2	44.3	165	110	47.6%
Others	1.6	3.5	N/A	N/A	118.8%
Total	35.8	47.8	165	110	45.4%

Top Export Markets for Pig Iron Articles from Pakistan in 2022:

China (875.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pig iron articles market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24101410 - Granules and powders, of pig iron, spiegeleisen, iron or steel

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023